Mr. John Williamson reportsBENCHMARK METALS ANNOUNCES UPSIZE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL PRIVATE PLACEMENT TO $33.6 MILLION Benchmark Metals Inc. has entered into an amendment with the syndicate of underwriters led by led by PI Financial Corp. and Sprott Capital Partners LP to increase the size of the private placement from approximately $30-million to approximately $33.6-million.Pursuant...Read More
Mr. David Stein reportsKUYA SILVER COMMENCES PHASE TWO BETHANIA EXPLORATION PROGRAM Kuya Silver Corp. has begun the second phase of its 2021 exploration program at the Bethania project, Peru. Kuya Silver's geologic team has begun a detailed surface sampling and trenching program and plans to continue with a multi-phase exploration program over the coming months. After successfully concluding the P...Read More
(Kitco News) Gold prices are moderately lower in midday dealings Tuesday, after hitting a five-month high overnight. Silver pushed to a three-month high and also backed off. Both precious metals saw some routine profit-taking from the shorter-term futures traders, following recent good gains. A rally in the U.S. dollar index to a 15-month high today also worked against the metals market bulls. Dec...Read More
Mr. Eric Fier reportsSILVERCREST REPORTS Q3 2021 FINANCIAL RESULTSSilvercrest Metals Inc. has released its unaudited financial results for the third quarter of 2021 (Q3, 2021).The company's top priority is on the high-grade, historic Las Chispas mining district in Sonora, Mexico, where it has completed a feasibility study on the Las Chispas project.Details of the feasibility study, including an up...Read More
Monday saw a quiet day in metals; gold, silver and platinum were on both sides of unchanged. We saw light volume with little movement, which is only a sign that gold, silver and platinum are seeing the pause to refresh.There were no surprises on Monday. We expect some retracement. We expect some consolidation as we look for the next leg higher. The trend is higher; much of the economic news points...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...Read More
Mr. Adam Horne reportsTOMBILL MINES EMBARKS ON ITS SURFACE EXPLORATION PROGRAM AND COMPLETES INAUGURAL NEAR SURFACE DRILLING Tombill Mines Ltd. has provided an exploration update at its 100-per-cent-controlled, royalty-free, flagship and patented Tombill main group and its claims within the Geraldton gold camp.Summary of recent results from the Talmora near-surface drill program:Hole TAL21-002 ret...Read More
EMERYVILLE, Calif., Nov. 15, 2021 /PRNewswire/ -- Amyris, Inc. (Nasdaq: AMRS), a leading synthetic biotechnology company accelerating the world to sustainable consumption through its Lab-to-MarketTM operating platform, announced that it has closed its offering of 1.50% convertible senior notes due 2026 (the "notes"), for gross proceeds of $690.0 million. The proceeds include the full exercise o...Read More
WASHINGTON, Nov 16 (Reuters) - The U.S. Federal Reserve should "tack in a more hawkish direction" over its next couple of meetings to prepare in case inflation does not begin to ease, St. Louis Fed president James Bullard said on Tuesday."If inflation happens to go away we are in great shape for that. If inflation doesn't go away as quickly as many are currently anticipating it is...Read More
General Motors (GM) plans to extend its control of the midstream processing chain in the next 18 months while it gets battery plants in the United States up and running, a senior company executive at the automotive manufacturer said.This is also part of a push by the automaker to create a greener supply chain via reduced movement of materials around the world, GM manager of energy environment and...Read More
MineHub Technologies Inc has launched an application to digitalize and streamline the assay exchange process between buyer, seller and laboratories in base metal concentrates transactions, the blockchain technology platform said.The application, known as MineHub Assay Exchange, is the first in a series of network applications for concentrates that the company intends to roll out over the next mont...Read More
Here are five Fastmarkets stories you might have missed on Tuesday November 16 that are worth another look.The Chinese government is in discussions with multiple metal industry bodies on suspending the publication of data related to the country's progress in achieving its ambitions for "carbon peaking and carbon neutrality," sources have told Fastmarkets.The lower...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comNov 16, 2021 Crypto enthusiasts would be wise to stop comparing crypto to gold. They should do the right thing... and just buy some gold. Please click here now: Double-click to enlarge this prestigious PAXG gold token chart. I like a mix of gold, silver, miners, stock markets, real estate...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Teck Resources, one of Canada's leading mining companies, today reported that its logistics chain between west coast terminals and B.C. operations has been temporarily disrupted due to heavy rain, floo...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Artemis Gold (TSX-V: ARTG) said today it has received a silver stream offer to enter into a definitive precious metals purchase agreement with Wheaton Precious Metals, in respect to the company's Black...Read More
Key data from Fastmarkets' ferro-silicon pricing sessions in China, Europe and the United States on the week ended Tuesday November 16.China Ferro-chrome producers in Inner Mongolia and Guangxi are running at high production rates, which could pressure alloy prices and increase chrome ore consumption.Spot ferro-chrome dropped again after suppliers lowered offers to destock. The improved productio...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Bitcoin-U.S. dollar prices aresharply lower in early U.S. trading Tuesday. A price uptrend in place on the daily bar chart is now injeopardy and the bulls need to show fresh power soon to keep it ali...Read More
By Danilo MasoniMILAN, Nov 16 (Reuters) - Investors are heading towards the end of the year in a "risk-on" mood, having reduced cash allocations and lifted their overweight position on U.S. stocks to the highest since August 2013, BofA Securities' monthly fund manager survey showed.Inflation remains the biggest tail risk for markets but a majority of 61% believes it is transitory and expect the Fe...Read More
MineHub Technologies Inc has launched an application to digitalize and streamline the assay exchange process between buyer, seller and laboratories in base metal concentrates transactions, the blockchain technology platform said.The application, known as MineHub Assay Exchange, is the first in a series of network applications for concentrates that the company intends to roll out over the next mont...Read More
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! (Kitco News) - Rio2 (TSXV: RIO) announced Tuesday that it has entered into a definitive precious metals purchase agreement (the "Gold Stream") with Wheaton Precious Metals in relation to the company's Fenix gold proj...Read More